The renowned crypto exchange Backpack has yielded $17 million in a series A funding round. The successful funding round propelled
Category: Regulatory Framework
BitForex Suspend Operation Following $57M Transaction
The Hong Kong-based crypto exchange BitForex has ceased operations. News concerning the closure of business elicited mixed feelings among the
Kraken Rollouts New Division for Institutional Investors
In an official communication, the US-based crypto exchange Kraken was pleased to announce the official launching of a new division
IRS Recruits Two Professions to Support Tax Compliance in Crypto Industry
An official announcement from the US Internal Revenue Service (IRS) demonstrated that the agency will recruit new talents. The tax
US Senators Challenges President Biden CBDC Plans
In a Monday report, several senators teamed up to oppose the White House’s plans to issue the central bank’s digital
Xai Foundation Launching Staking Rewards to Eligible Customers
The renowned layer-3 Arbitrum gaming network Xai has announced plans to launch a staking reward for the crypto community. The
Hackers Exploit MicroStrategy X Account to Promote Fake Airdrop
On Monday, the American-based business intelligence firm MicroStrategy suffered a malicious attack exposing the customers to the inherent risk of
Analyst Project Bitcoin Halving’ Blood Bath’ Might Compel Miners to Exit US Market
The 2024 Bitcoin halving and the growing adoption of blockchain has renewed the hype for crypto assets among retail and
Riot Platforms Says Bitcoin Halving Might Not Favor Miners
As the world awaits 2024 Bitcoin halving key industry players have demonstrated divided opinions concerning its impact on the crypto
South Korean Gyeonggi Province Implementing Digital Tracking System to Address Tax Cheats
As investors seek to explore new ways to evade paying taxes, the South Korean authorities have stepped up their game